Wifts Investment Group

February 2010 Portfolio Update

rupneu1 — Thu, 04 Mar 2010 04:54:21 +0000

For the month of February, our portfolio returned -1.20% Vs a gain of 2.85% of S&P500. Our portfolio underperformed the S&P500 by 4.05%. Bank of America was the biggest gainer with 9.75% followed by a gain of 8.18% for OSI Pharmaceuticals (OSIP). OSIP released their annual earning report which showed the revenue from Terceva, their [...]

January 2010 Portfolio Update

rupneu1 — Thu, 11 Feb 2010 05:06:35 +0000

For the month of January, our portfolio was up 0.14% Vs a loss of 3.7% for the S&p500. Our portfolio outperformed the S&P500 by 3.84%. OSI Pharmaceutical Inc (OSIP) was up 10.2% and our largest holding, AMN gained 8.78%. On the other hand, Kindered Healthcare (KND) lost 8.4%, followed by Forest Lab (FRX) which lost 7.69%. Transactions Sold [...]

December 2009 Portfolio Update

rupneu1 — Tue, 05 Jan 2010 21:33:57 +0000

For the month of December, our portfolio was up 6.34% compared to 2.81% of S&P500. The portfolio outperformed the S&P500 by 3.53%. LMIA, KND were the biggest gainers with over 24% gain. AIR was up about 23%. AMN, our largest holding, was up 11% along with OME. December was a good month for almost all the [...]

November 2009 Portfolio Update

rupneu1 — Sun, 06 Dec 2009 06:21:13 +0000

For the month of November, Wifts Investment Club returned 1.00% comapred to 5.74% of S&P500. The portfolio underperformed the S&p500 by 4.74%. FRX led the biggest gainer with 10.81% followed by BAC and DD with 8.71% and 8.67 respectively. JNJ was also up by 6.42%. Biggest decliners were ACET which was down 5.53% followed by OME down [...]

On Markets, Volume and Vampires

skoirala — Thu, 26 Nov 2009 05:45:09 +0000

O Em Gee! Last Friday was quite amusing! By day, treasury yields pushed into the red (that sounds rather boring, actually) and by night, the vampires and werewolves of the Twilight saga “New Moon” sank their teeth deep into the already lean allowance of too many ingenuous, unsuspecting teenagers across America. In the battle of [...]

Health care as the favorite sector

rupneu1 — Thu, 05 Nov 2009 21:42:31 +0000

I guess we are not the only ones who like heath care sector. This marketplace story says that on a poll of 150 fund managers, 15% “cited healthcare as their favorite sectors looking into 2010, slightly topping the 12% who listed technology.” As I have mentioned before, healthcare is our largest holding with about 26% [...]

October 2009 Portfolio Update

rupneu1 — Wed, 04 Nov 2009 04:33:30 +0000

In October, our portfolio returned -5.71% compared to -1.98% of S&P500. This means our portfolio underperformed S&P500 by 3.73%. Even with around 25% in cash for the most of the month, it managed to go down that much. This is a good reminder to everyone that we are in a risky business. Since the portfolio was [...]

Septemeber 2009 Portfolio Update

rupneu1 — Fri, 02 Oct 2009 05:27:01 +0000

We have decided that from now on we”ll post a monthly update of our portfolio at the end of the month. To add credibility to the updates, we have signed up for covestor.com account, which links directly to the brokerage account and pulls out the holdings and trades that we have made. Unfortunately, covestor does [...]

Cell Therapeutics and other recent transactions

rupneu1 — Mon, 24 Aug 2009 04:42:51 +0000

The stock market closed Friday at the highest level for the year. According to CNN, the S&P 500 now has gained 52% since hitting 12 year low on March 9th. The recent highs warranted a revision of our holdings and after carefully examining our overall portfolio, we have decided to make some changes. We decided to [...]

Warren Buffett buys more J&J

rupneu1 — Tue, 18 Aug 2009 05:56:25 +0000

The latest quaterly 13-F form filed by Berkshire Hathaway with the SEC showed that the company added more shares of Johnson & Johnson. In the second quarter it added almost 4.4 millions shares of JNJ. If my math is correct, Berkshire now holds almost 37 million shares of JNJ. As you may remember from my recent [...]